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Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-112-614. Auto auction fees for salvage-titled or parts-only titled vehicles

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) A five-dollar ($5.00) fee shall be charged to the buyer of each item at an auto auction that is sold on a certificate of title that is labeled “salvage” or “parts-only”.

(b) The fee is special revenue and shall be deposited into the State Treasury.

(c) The Treasurer of State shall transfer the special revenues received under this section on the last business day of each month as follows:

(1) Fifty percent (50%) for the Division of Environmental Quality to be used for inspection and oversight of auto auctions to enforce all laws and rules administered by the Division of Environmental Quality; and

(2) Fifty percent (50%) for the Division of Arkansas State Police to be used for inspection and oversight of auto auctions.

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Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-112-614. Auto auction fees for salvage-titled or parts-only titled vehicles - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-112-614/

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